Aggregate dynamics in lumpy economies

DOI10.3982/ECTA17344MaRDI QIDQ5860139zbMATH OpenOpenAlexFDO

Authors Isaac Baley, Andrés Blanco

Publication date 18 November 2021

Published in Econometrica (Search for Journal in Brave)

Copyright license Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International

Full work available at URL https://doi.org/10.3982/ecta17344

zbMATH Keywords

inactioninvestmentlumpinessnon-convex adjustment costsstate-dependencesufficient statisticstime-dependencetransitional dynamics

Mathematics Subject Classification ID

Economic dynamics (91B55)

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(12)

• Aggregation and the law of large numbers in large economies
• The price adjustment hazard function: evidence from high inflation periods
• Modeling investment-sector efficiency shocks: when does disaggregation matter?
• The Structure of Economies with Aggregate Measures of Capital: A Complete Characterization
• Implications of seeing economic variables through an aggregation window
• Idiosyncratic Shocks and the Role of Nonconvexities in Plant and Aggregate Investment Dynamics
• The evolution of the earnings distribution in a volatile economy: Evidence from Argentina
• The Analytic Theory of a Monetary Shock
• Caballero-Engel meet Lasry-Lions: a uniqueness result
• Good dispersion, bad dispersion
• Empirical investigation of a sufficient statistic for monetary shocks
• The macroeconomics of irreversibility

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